Ohio Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land

• Category: Real Estate - Contracts - Land or Lots
• State: Multi-State
• Control #: US-00472C
• Format: Word; Rich Text

Description

This form is a Contract for the Sale and Purchase of Commercial Real Estate. The form requires information such as: property condition, earnest money, taxes pro ration and utilities. The form provides that the seller has agreed to sell and the buyer will purchase the property described in the form. This contract also contains a contingency for purchase based upon the sale of another property owned by the buyer. The Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legally binding document used in Ohio for the purchase or sale of commercial lots or land without the involvement of a broker. This contract serves as an agreement between the buyer and the seller, outlining the terms and conditions of the transaction. Some key features of the Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land include: 1. Parties: The contract identifies the parties involved in the transaction, including the buyer and seller. Their legal names and contact information are included. 2. Property Description: The contract provides a detailed description of the commercial lot or land being sold, including the property address, lot size, zoning information, and any other relevant details that will clearly define the property. 3. Purchase Price and Deposit: The contract states the agreed-upon purchase price for the property. It also specifies the amount of the deposit that the buyer must provide to secure the property. The contract typically includes provisions for the refund of the deposit under certain circumstances. 4. Financing Details: If the buyer is relying on financing to complete the purchase, the contract outlines the terms related to financing. It may include provisions for obtaining a loan commitment, specifying the type of financing, and setting a deadline for obtaining financing approval. 5. Inspection and Due Diligence: The contract may include a provision allowing the buyer to conduct inspections and perform due diligence on the property before finalizing the purchase. It provides a timeframe for the inspections and allows the buyer to negotiate repairs or price adjustments based on the findings. 6. Closing Process: The contract outlines the closing process, including the date and location for the closing, as well as the responsibility for paying closing costs. It may also include provisions related to prorated taxes, title insurance, and any other costs or fees associated with the transaction. 7. Contingencies: The contract may include various contingencies that must be met for the sale to proceed. Common contingencies include obtaining necessary permits or approvals, resolving zoning issues, or the sale of another property by the buyer. It is important to note that there may not be different types of Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land, as the contract is typically tailored to the specific property and circumstances of each transaction. However, certain variations or modifications may be made based on the preferences of the buyer and seller or specific legal requirements.

The Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land is a legally binding document used in Ohio for the purchase or sale of commercial lots or land without the involvement of a broker. This contract serves as an agreement between the buyer and the seller, outlining the terms and conditions of the transaction. Some key features of the Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land include: 1. Parties: The contract identifies the parties involved in the transaction, including the buyer and seller. Their legal names and contact information are included. 2. Property Description: The contract provides a detailed description of the commercial lot or land being sold, including the property address, lot size, zoning information, and any other relevant details that will clearly define the property. 3. Purchase Price and Deposit: The contract states the agreed-upon purchase price for the property. It also specifies the amount of the deposit that the buyer must provide to secure the property. The contract typically includes provisions for the refund of the deposit under certain circumstances. 4. Financing Details: If the buyer is relying on financing to complete the purchase, the contract outlines the terms related to financing. It may include provisions for obtaining a loan commitment, specifying the type of financing, and setting a deadline for obtaining financing approval. 5. Inspection and Due Diligence: The contract may include a provision allowing the buyer to conduct inspections and perform due diligence on the property before finalizing the purchase. It provides a timeframe for the inspections and allows the buyer to negotiate repairs or price adjustments based on the findings. 6. Closing Process: The contract outlines the closing process, including the date and location for the closing, as well as the responsibility for paying closing costs. It may also include provisions related to prorated taxes, title insurance, and any other costs or fees associated with the transaction. 7. Contingencies: The contract may include various contingencies that must be met for the sale to proceed. Common contingencies include obtaining necessary permits or approvals, resolving zoning issues, or the sale of another property by the buyer. It is important to note that there may not be different types of Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Commercial Lot or Land, as the contract is typically tailored to the specific property and circumstances of each transaction. However, certain variations or modifications may be made based on the preferences of the buyer and seller or specific legal requirements.